From Businessworld.in: 'The End Of The Free Market' showcases how state capitalism is emerging as a dominant form of economic governance in many countries across the world and what its ramifications are likely to be, globally. The book also focuses on the rising influence of sovereign wealth funds (SWFs) on financial markets.
Economists have highlighted how SWFs are focused more on national interests rather than on profits. The World Bank says, globally, the collective SWF investment will reach $10 trillion by 2013, from $3.5 trillion now. China, UAE and Saudi Arabia are the biggest investors through SWFs. China Investment Corporation, a secretive SWF, has been consistently investing in the US and Europe and data reveal that any mass selling by them influence investors’ sentiment hugely..............................................Full Article: Source